Monday, April 23, 2018
News Roundup

Feds direct $100M in grants to help bankrupt Detroit

The U.S. government directed more than $100 million in grants Thursday to help bankrupt Detroit tear down vacant buildings and spur job growth, but the help falls far short of the wider bailout some city leaders had sought.

Gene Sperling, chief economic adviser to President Barack Obama, said the administration scrounged through the federal budget and found untapped money that "either had not flowed or had not gotten out or not directed to the top priorities for Detroit."

But considering the Motor City is at least $18 billion in debt, it will take a far larger infusion of cash or historic deals with bond holders, insurance companies and other creditors to correct the problem.

Sperling will join today in Detroit three other top Obama aides — U.S. Attorney General Eric Holder, Transportation Secretary Anthony Foxx and HUD Secretary Shaun Donovan. The closed meeting also will include city and state leaders, and the emergency manager leading Detroit through the largest municipal bankruptcy in U.S. history.

The Obama administration repeatedly has signaled it won't offer a massive federal bailout.

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HomeTeam 25: Softball rankings for Tampa Bay

HomeTeam 25: Softball rankings for Tampa Bay

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Work starting on JW Marriott, but Water Street Tampa expects to have 10 buildings under way within a year

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Updated: 27 minutes ago

Updated: 1 hour ago
FHP: Man struck, killed by SUV while walking in center of road

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Updated: 1 hour ago
Did you see who hit panhandler near Selmon and drove away?

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Updated: 1 hour ago
Romano: Forget the sewers, St. Pete has a crisis of trust

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Pinellas news briefs

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Updated: 1 hour ago
Police arrest suspect in Waffle House shooting

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NASHVILLE, Tenn. — The suspect in a quadruple homicide at a Nashville Waffle House was taken into custody Monday, police said. Authorities had mounted a massive manhunt for 29-year-old Travis Reinking, after the Sunday morning attacks. Authorities an...
Updated: 1 hour ago